"As a developing country and emerging economic powerhouse in the Asia-Pacific region, it is crucial for the Philippines to embark [on] the efficient utilization of space science and technology applications to address various national development and security issues," the House representatives said in the Bill’s explanatory note.

The bills hopes to implement research and education programs important in linking private and public industries.

The station would also represent the Philippines in international space agreements and arbitrations.

The Philippines, an emerging economic power in South East Asia, is keen to start vamping their efforts to bring the country into the age of space. The space station would also incentivize many Filipinos to pursue astronomy and other sciences.

"A Philippine Space Agency, with its consolidated programs and strategies for space science and technology, will pave the way for future Filipino astronomers, space scientists, and astronauts by laying down a strong foundation in space science education and research," Aquino said in the Senate bill's note.

The Philippines has already been active in programs related to space. Last April, a team of Filipino engineers and scientists with the help of Japanese experts launched the Philippines’ first microsatellite called the Diwata-1.